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Managerial Economics
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Q401

Ordinal approach is based on

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Q402

If the individual firm's demand curve is coincident with the market demand curve then

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Q403

Match the following:

List-I (Items)	List-II (Applications)
a. Profit	1. Sales - (VC + FC)
b. Margin of safety	2. $\frac{FC + Profit}{Sales - VC}$
c. Sales in Rs.	3. $\frac{FC + Profit}{1 - \frac{VC}{Sales}}$
d. Contribution margin per unit	4. $\frac{Fixed Cost}{BEP in units}$
	5. Profit + TFC

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Q404

Constrained optimization techniques are not designed to deal with the problem of

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Q405

Which statement is/are true?

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Q406

From the following determinants of the price elasticity of demand, indicate the correct option for the determinants having a positive relationship with the degree of the price elasticity of demand.
1. Range of substitutes of the commodity
2. Extent of the different uses of the commodity
3. Portion of the income of the buyer spent on the commodity
4. Income group of buyers purchasing the commodity

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Q407

The degree of price elasticity of demand used for goods is influenced by whether
1. It has close substitutes
2. Its output is easily altered
3. It accounts for a small input
4. It is a durable use or single use goods

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Q408

On an indifference map, if the income consumption curve slopes downwards to the right it shows that

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Q409

A consumer will be maximising his utility if he allocated his money income so that

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Q410

The substitution effect works to encourage a consumer to purchase more of a product when the price of that goods is falling because

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Q411

Match the following.

List-I	List-II
a. Increasing cost industry	1. Negatively sloped long run supply curve
b. Decreasing cost industry	2. Positively sloped long run supply curve
c. Constant cost industry	3. Horizontal long run supply curve

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Q412

The market share data for an industry, comprising five companies, is given below.

Company	Market Share (%)
A	35
B	25
C	18
D	12
E	10

This industry's three-firms Herfindahl-Hirschman index shall be

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Q413

"Production" may be defined as an act of

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Q414

Risk neutrality implies a

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Q415

Other things being equal, a decrease in the quantity supplied to the market at given prices leads to

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Q416

Given:

Managerial Economics mcq question image

The above curve is a:

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Q417

In all forms of imperfect competition the average revenue curve facing the individual slopes

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Q418

In perfect competition, there is a process of

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Q419

"Steps downwards at first and then upwards". It is the movement of

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Q420

A company supplies 20 units of a particular product per month, at a price of Rs. 10 per unit. If price elasticity of supply is 5, how many units would the company supply at a price of Rs. 15?

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